Kodal Minerals (LON:KOD) Stock Price Up 8.5% - Should You Buy?

Shares of Kodal Minerals PLC (LON:KOD - Get Free Report) rose 8.5% on Monday . The stock traded as high as GBX 0.42 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 98,429,531 shares were traded during trading, an increase of 98% from the average daily volume of 49,741,543 shares. The stock had previously closed at GBX 0.39 ($0.00).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 1 ($0.01) target price on shares of Kodal Minerals in a research report on Tuesday, February 11th.

Kodal Minerals Stock Down 8.8 %

The company has a market capitalization of £73.61 million, a P/E ratio of 2,805.53 and a beta of 0.51. The company's fifty day moving average price is GBX 0.39 and its 200 day moving average price is GBX 0.39.

Kodal Minerals Company Profile

Kodal Minerals was established and listed on London's AIM market in 2013, acquiring its flagship asset, Bougouni Lithium Project, in 2016. Kodal Minerals is aiming to be the first West African producer of lithium spodumene and become a significant player in critical minerals production to help drive the global green energy transition. The Bougouni Lithium Project is located in Southern Mali, 170km south of the capital Bamako in the highly prospective and attractive destination for lithium exploration and development.